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Australasia News

Bush clearing, shaft rehab under way at West Wits gold revival project  

By: Martin Creamer     16th September 2021 Australia-listed West Wits Mining, which is considering a secondary listing on the JSE, has commenced bush clearing and old shaft rehabilitation west of Johannesburg, as part of its far-reaching revival plans for an area where gold mining took place as recently as 20 years ago. West Wits Mining,... 

Queen’s Virtues coin series now features platinum

By: Marleny Arnoldi     16th September 2021 The Treasury of St Helena and The East India Company have added platinum to its St Helena Queen’s Virtues Series of coins. To provide choice for investors, the companies have included three sizes – 1 oz, 0.5 oz and 0.10 oz – in the 2021 Queen’s Virtues Victory coin range.  

St Helena's platinum Queen's Virtues Victory coin
Treasury of St Helena's platinum Queen's Virtues Victory coin

Orion welcomes IDC’s support at Okiep

By: Marleny Arnoldi     16th September 2021 South Africa’s Industrial Development Corporation (IDC) has indicated its intention to partner with JSE- and ASX-listed Orion Minerals on the development of the Okiep copper project, in the Northern Cape. As it stands, the IDC is a 43.75% shareholder in Southern African Tantalum Mining (Safta)... 

Rio in a tax war with ATO

By: Esmarie Iannucci     16th September 2021 Mining major Rio Tinto on Thursday said that it would dispute a A$352-million penalty by the Australian Taxation Office (ATO). The ATO in March this year issued the miner with an amended assessment of of A$359.4-million primary tax and A$47.1-million of interest, related to the denial of... 

ABB launches solutions for zero-carbon mining

By: Esmarie Iannucci     16th September 2021 Global technology company ABB has released a portfolio of solutions that will help accelerate the move towards a zero-carbon mine. Dubbed ABB Ability eMine, the portfolio comprises electrification technologies which makes the all-electric mine possible from mine to port and is integrated with... 

Jindalee positive on McDermitt future

By: Esmarie Iannucci     16th September 2021 An initial scoping study into the McDermitt lithium project, in Oregon, has confirmed that the project could support a viable stand-alone lithium mining and processing operation. ASX-listed Jindalee Resources said on Thursday that the study had confirmed the potential to produce high quality... 

Vulcan completes first part of capital raise

By: Esmarie Iannucci     16th September 2021 ASX-listed Vulcan Energy has completed a A$200-million share placement to advance its Zero Carbon lithium project, in Germany. The company earlier this week announced plans for a A$220-million capital raise, consisting of a A$200-million share placement to sophisticated, professional and... 

A$700m Vickery coal extension project gets enviro clearance

By: Esmarie Iannucci     16th September 2021 Federal Environment Minister Sussan Ley has approved coal miner Whitehaven Coal’s A$700-million Vickery Extension project, in New South Wales. Ley’s approval follows the New South Wales Independent Planning Commission approving the project in August of last year. 

Funding provided to Stanewell's hydrogen study in Qld

By: Esmarie Iannucci     16th September 2021 The Australian government is providing up to $2.17 million through the Australian Renewable Energy Agency (ARENA) to support the A$10.5-million into the study for a large-scale hydrogen electrolyser and liquefaction facility in Gladstone, Queensland. Energy infrastructure business APA Group this... 

Nuclear subs could be pathway to decarbonising - MCA

By: Esmarie Iannucci     16th September 2021 Australia would need to consider the next generation of nuclear technologies as part of its efforts to reduce emissions, the Minerals Council of Australia (MCA) said this week. MCA CEO Tania Constable on Thursday pointed out that while Australia has one third of the world’s uranium supplies,... 

WA joins Future Fuels CRC

By: Esmarie Iannucci     16th September 2021 The Western Australian government has joined the Future Fuels Cooperative Research Centre (CRC), as part of its efforts to becoming an industry leader in hydrogen. The Future Fuels CRC is an industry focused research, development and demonstration partnership supporting the decarbonisation of... 

Govt calls for JMEI inputs

By: Esmarie Iannucci     16th September 2021 The federal government has called for consultation in the impact of the Junior Minerals Exploration Incentive (JMEI), which is helping to fund the exploration of new resource deposits. Federal Resources Minister Keith Pitt said that the consultation process was an opportunity for companies to... 

Siviour gets major project status

By: Esmarie Iannucci     16th September 2021 ASX-listed Renascor Resource’s A$209-million Siviour battery anode material operation, in South Australia, has been granted Major Project status by the federal government. Minister for Resources and Water Keith Pitt said the Siviour project is expected to support over 100 new jobs during the... 

Sibanye-Stillwater buys half of ioneer’s Nevada project for $490m 

By: Mariaan Webb     16th September 2021 Johannesburg- and New York-listed miner Sibanye-Stillwater is investing $490-million in a lithium-boron mining project in Nevada, US, as it steps up its presence in the battery materials supply chain. Sibanye-Stillwater on Thursday announced that it would establish a joint venture (JV) with... 

An image of Sibanye-Stillwater CEO Neal Froneman
Sibanye-Stillwater CEO Neal Froneman

GBM raises cash for Twin Hills buy

By: Esmarie Iannucci     15th September 2021 Junior GBM Resources will raise A$7.4-million in a share placement to institutional and sophisticated investors. The company would place some 70-million shares, at a price of 10c each, under its existing placement capacity, while directors Peter Mullens and Peter Rohner have indicated that they... 

BHP has secured nonbinding MoUs for Jansen output

By: Mariaan Webb     15th September 2021 Nonbinding memorandums of understanding (MoUs) with major importers are in place for up to 100% of the future production of the massive Jansen potash project, which diversified major BHP is building in Saskatchewan, Canada. The agreements are typically with major buyers across South and Central... 

An image of a shaft with the setting sun

Golden Rim shakes the tin

By: Esmarie Iannucci     15th September 2021 ASX-listed Golden Rim Resources will raise A$6-million in a share placement to advance exploration at its Kada gold project, in Guinea. The company on Wednesday announced that it would undertake a two tranche share placement, with the first tranche consisting of 625 000 shares, at a price of... 

BHP spent just half-a-day's profit looking for copper last year

By: Bloomberg     15th September 2021 Copper might be BHP Group’s most prized metal, but the world’s biggest mining company spent little more than it earned in an average 12-hour period last year exploring for new deposits. The company spent just $53-million looking for the metal last year, when it posted record profit of... 

An image of a copper roll.

Rio and Caterpillar join forces on zero emissions haul trucks

By: Esmarie Iannucci     15th September 2021 Diversified major Rio Tinto has signed a memorandum of understanding with Caterpillar to advance the development of zero-emissions autonomous trucks. For use at Rio’s Western Australian mining operations. The collaboration will see Rio Tinto work with Caterpillar to advance the development of... 

Govt calls for comment on GHG storage

By: Esmarie Iannucci     15th September 2021 The federal government has called for public input on the five potential areas for the 2021 offshore greenhouse gas (GHG) storage acreage release. Minister for Resources and Water Keith Pitt said the acreage release provides opportunities for companies to explore for sites which have the... 

South-eastern Aus open for exploration - Minister

By: Esmarie Iannucci     15th September 2021 The A$225-million the Exploring for the Future program is expected to provide an unprecedented snapshot of the mineral, energy and groundwater potential of south-eastern Australia, Minister for Resources and Water Keith Pitt said. Geoscience Australia recently conducted a large airborne... 

Qld gets ready for first vanadium mine

By: Esmarie Iannucci     15th September 2021 The Queensland government has approved the mining license for the state’s first vanadium mine, green-lighting Multicom Resources’ A$250-million Saint Elmo project, near Julia Creek. “I congratulate Multicom as the first cab off the rank in an exciting new era for Queensland’s resources sector,... 

Image shows a close-up of broken core samples

Miner dies in Qld coal mine

By: Esmarie Iannucci     15th September 2021 Mining contractor Mastermyne on Wednesday confirmed that a worker was fatally injured in an underground incident at the Gregory Crinum coal mine, in Queensland. News services reported overnight that one man had died and two others had been taken to hospital after a section of the Sojitz-owned... 

Poseidon reports maiden resource at Silver Swan tailings

By: Esmarie Iannucci     15th September 2021 Nickel developer Poseidon Nickel has reported a 675 000 t Joint Ore Reserves Committee compliant mineral resource estimate for the Silver Swan tailings, in Western Australia. Grading at 0.92% nickel and 683 parts per million cobalt, the tailings are estimated to contain some 6 200 t of nickel... 

New Century prices up in-situ opportunities

By: Esmarie Iannucci     15th September 2021 An in-situ feasibility study at the Century zinc mine, in Queensland, has supported the development of in-situ operations alongside the current tailings operations. ASX-listed New Century Resources on Wednesday reported that the study investigated the incorporation of Silver King and East Fault... 

South Africa’s junior mining dearth result of unintended consequence – AmaranthCX  

By: Martin Creamer     14th September 2021 South Africa’s junior mining dearth is a result of savings no longer flowing through to primary capital raising and stock exchange listings, as the Jacobs Committee expected them to do. The unintended consequence is that there are no longer small investors for small companies. This has negatively... 

Creamer Media screenshot of AmaranthCX director Paul Miller taken during Zoom interview.
AmaranthCX director Paul Miller interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Kayelekera licenses renewed

By: Esmarie Iannucci     14th September 2021 The Malawi government has renewed the mining and exploration licenses for the Kayelekera uranium project. ASX-listed Lotus Resources on Tuesday told shareholders that the mining license had been renewed for a period of 15 years. 

Great Boulder to spin-off Yamarna

By: Esmarie Iannucci     14th September 2021 ASX-listed Great Boulder Resources has announced plans to demerge the Yamarna base metals project, in Western Australia, into a separately listed base metal business known as Cosmo Metals. Yamarna is a multi-commodity project with significant potential for magmatic copper/nickel/cobalt/platinum... 

Metalicity makes a play for JV partner

By: Esmarie Iannucci     14th September 2021 Junior gold explorer Metalicity on Tuesday flagged its intention to make an off-market all scrip takeover bid for all of the fully paid ordinary shares in its joint venture (JV) partner in the Kookynie and Yundamindra gold projects, Nex Metals Exploration. Metalicity’s offer to Nex Metals... 

BHP reports board changes

By: Esmarie Iannucci     14th September 2021 Diversified miner BHP has announced the retirement of Susan Kilsby and Anita Frew from the company’s board after the company’s next annual general meeting. Kilsby was appointed chair of the board of Fortune Brands Home & Security, Inc in January 2021 and had confirmed her intention to retire as... 

Work advances at Warrawoona

By: Esmarie Iannucci     14th September 2021 Gold developer Calidus Resources has finalised a A$210-million mining contract with contractor Macmahon for the Warrawoona gold project, in Western Australia. The contract involves the development of a new opencut mine, with Macmahon to undertake all opencut mining activities until December... 

BHP releases climate action plan

By: Esmarie Iannucci     14th September 2021 Diversified miner BHP on Tuesday released its Climate Transition Action Plan, outlining the company’s updated approach to reducing greenhouse gas (GHG) emissions and managing climate risks across its global value chain. “The Climate Transition Action Plan outlines BHP’s role and actions in... 

An image of BHP's CEO Mike Henry
BHP CEO Mike Henry

Lithium firm Vulcan sets sights on A$220m raise

By: Esmarie Iannucci     14th September 2021 Lithium developer Vulcan Energy Resources will raise A$200-million in an underwritten share placement to sophisticated, professional and institutional investors to support its goal of becoming the world’s first zero carbon lithium company. The ASX-listed company would also undertake a share... 

Image shows Australian currency

Bylong rejection upheld by Appeals Court

By: Esmarie Iannucci     14th September 2021 The New South Wales Court of Appeal this week upheld a decision barring South Korean firm Kepco from building its proposed Bylong coal mine. The New South Wales Independent Planning Commission (IPC) in 2019 refused development approval for the proposed 6.5-million tonne a year Bylong coal... 

Santos signs up for CCS in the Timor Sea

By: Esmarie Iannucci     14th September 2021 Oil and gas major Santos has inked a memorandum of understanding (MoU), as operator of the Bayu-Undan joint venture (JV), with the Timor-Leste regulator Autoridade Nacional do Petróleo e Minerais (ANPM) to progress carbon capture and storage (CCS) in the Timor Sea. The MoU details the areas the... 

ChromeSA says imposition of export tax would be high risk  

By: Martin Creamer     14th September 2021 The imposition of a tax on the export of chrome ore would be high risk and the gain from such an intervention would likely be eroded fairly quickly by the high cost of electricity, which is the real problem. Chrome SA’s Alistair McAdam and Paul Anderson of Genesis Analytics highlighted this... 

Creamer Media Screenshot taken of McAdam during zoom interview
ChromeSA representatives Alistair McAdam and Paul Anderson on chrome export tax. Video: Darlene Creamer.

Outlook for metals improves – Moody’s

By: Tasneem Bulbulia     13th September 2021 Credit rating business Moody's Investors Service’s outlook for the global metals and mining industry changed to stable from positive with high prices expected to fade out throughout 2022. In a new report covering iron-ore, steel, coal, aluminium, gold, silver, nickel, copper and zinc, Moody's... 

Surge in electric vehicle sales power lithium prices as shortages loom

By: Reuters     13th September 2021 Lithium prices have jumped to their highest in more than three years thanks to an upsurge in electric vehicle sales, depleting stocks of the battery material in top consumer China. Targets to cut carbon emissions from China to the United States cannot be met without the rechargeable lithium-ion... 

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